Last month, the nationwide first-round apartment subscription competition rate recorded the lowest level in 21 months.
According to an analysis of the subscription home by the Korea Real Estate Board (REB) conducted by the distribution evaluation company Realhouse on the 28th, the nationwide average first-round subscription competition rate in July this year was 9.1 to 1. This is the lowest figure in 21 months since October 2023 (9.0 to 1).
The nationwide average subscription competition rate falling below 10 to 1 is the first time in 14 months since May 2024 (9.5 to 1).
Realhouse noted that the June 27 measures, which include restricting the housing mortgage ceiling to a maximum of 600 million won, have repressed the subscription market.
The average competition rate for first-round subscriptions in Seoul fell from 99.0 to 1 in June to 88.2 to 1 in July. By complex, 'I-Park at Jegi-dong' in Dongdaemun District, Seoul, recorded the highest rate at an average of 92.2 to 1.
In regions such as Gwangju, South Jeolla, South Gyeongsang, and North Gyeongsang, most average competition rates for subscriptions were below 2 to 1. In Asan, Chungnam, 'Asan Sinchang 1st Kwangsin Progress' had only three applications for 450 households.
Meanwhile, the redevelopment of 'The H Adelear Star' in Juham-dong, Gwacheon City, Gyeonggi Province, attracted 8,315 applicants for 159 households in the first-round subscription held on the 26th, recording an average competition rate of 52.3 to 1.
Amid the overall decline in competition rates for subscriptions in the capital region due to the June 27 measures, there are analyses indicating that the polarization by brand and location is intensifying.